Helsinki, Finland, 2016-06-20 14:50 CEST (GLOBE NEWSWIRE) --
SSH COMMUNICATIONS SECURITY CORPORATION COMPANY ANNOUNCEMENT JUNE 20, 2016 AT 3:50 P.M.
BOOK-BUILDING PROCEDURE RELATED TO SSH COMMUNICATIONS SECURITY’S OFFERING DISCONTINUED DUE TO OVER-SUBSCRIPTION
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN.
SSH Communications Security Corporation (”SSH” or the ”Company”) announed on 20 June 2016 an offering (the ”Offering”), in which it offers new shares in the Company (the ”Shares”) to institutional and other selected investors in an accelerated book-building procedure carried out by Evli Bak Plc (”Evli”). The book-building procedure commenced on 20 June 2016 in the morning.
Due to over-subscription, the Company’s Board of Directors has today on 20 June 2016 at 15:30 decided to discontinue the reception of subscription offers.
The Company’s Board of Directors will decide on the approval of the subscriptions submitted in the book-building procedure, the subscription price of the Offering and the number of the Shares at its meeting to be held later on 20 June 2016. The Company will announce the result of the Offering through a stock exchange release immediately after the decisions have been made. The discontinuation of the book-building procedure will not affect the schedule of the Offering in other respects.
The Offering is managed by Evli as the Lead Manager and the Sole Bookrunner. Castrén & Snellman Attorneys Ltd acts as the Company’s legal adviser.
Helsinki, 20 June 2016
SSH Communications Security Corporation
Board of Directors
For further information:
Jyrki Lalla, CFO, tel. +358 45 340 4641
Distribution:
NASDAQ OMX Helsinki Oy
Major media
www.ssh.com
About SSH Communications Security:
As the inventor of the SSH protocol, we have a twenty-year history of leading the market in developing advanced security solutions that enable, monitor, and manage encrypted networks. Over 3,000 customers across the globe trust the company’s encryption, access control and encrypted channel monitoring solutions to meet complex compliance requirements, improve their security posture and save on operational costs. SSH Communications Security is headquartered in Helsinki and has offices in the Americas, Europe and Asia. The company’s shares (SSH1V) are quoted on the NASDAQ OMX Helsinki. For more information, visit www.ssh.com
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong or Japan. These written materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the Offering in the United States or to conduct a public offering of securities in the United States.
Members of the public are not eligible to take part in the Offering. This communication is directed (A) in the European Economic Area, only at persons who are qualified investors as defined in article 2(1)(e) of EU directive 2003/71/EC and as implemented in legislation in each of the relevant member states and (B) in the United Kingdom only at qualified investors who are: (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) order 2005 (the “Order”), or (ii) persons falling within article 49(2) (“high net worth companies, unincorporated associations, etc”) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Evli Bank Plc (“Evli”) acts only for and on behalf of SSH Communications Security Corporation in connection of the Offering. Evli does not hold any other party as its client or cannot be held accountable to advise or indemnify other parties than SSH Communications Security Corporation with regards to the Offering or other matters referred hereto.